On July 26, 2023, the US SEC issued the long-awaited final rules for public companies and foreign private issuers requiring rapid disclosure of material cybersecurity incidents as well as periodic disclosure of cybersecurity risk management and policies and procedures (the
The Provisional Administrative Measures of Generative Artificial Intelligence Services (Generative AI Measures), were published by the Cyberspace Administration of China (CAC), together with six other authorities, on 13 July 2023 and will take effect from 15
On July 20, 2023 HHS and the Federal Trade Commission (“FTC”) issued a joint letter to approximately 130 companies regarding their online data collection processes. The letter follows the much discussed December 1, 2022, Bulletin that expanded the kinds of
Deals involving AI bring about specific and unique issues for consideration during the due diligence process. Understanding the specific challenges created by AI is important for companies to ensure that the AI technology holds genuine value and would not raise
On 10 July, the European Commission adopted its adequacy decision for the EU-US Data Privacy Framework (the DP Framework). It thereby declared that the United States (the US) ensures an adequate level of protection for personal data transferred
On June 30, 2023—the day before the regulations were scheduled to go into effect—the Superior Court of California halted the enforcement of the California regulations that had been finalized on March 29, 2023 until March 29, 2024. (California Chamber